InvestMacro

By Admiral Markets

Source: Admiral Markets MT5 with MT5SE Add-on

EUR/USD movement is very important for the understanding of Dax and its unhedged exporters that benefit from a strong USD. Asian Equities rose slightly today, but the Dax 30 still has a resistance to break. The flat top ascending triangle is generally a bullish pattern and only the break of 12819 or 4h close above it, should provide a bullish continuation move. From the POC zone – 12745-12775, the price could bounce towards 12819. Breakout targets 12882 and 12917. Only a strong close above will target 13018 – Weekly H4 level.

W L3 – Weekly Camarilla Pivot (Weekly Interim Support)

W H3 – Weekly Camarilla Pivot (Weekly Interim Resistance)

W H4 – Weekly Camarilla Pivot (Strong Weekly Resistance)

D H4 – Daily Camarilla Pivot (Very Strong Daily Resistance)

D L3 – Daily Camarilla Pivot (Daily Support)

D L4 – Daily H4 Camarilla (Very Strong Daily Support)

POC – Point Of Confluence (The zone where we expect price to react aka entry zone)

Best wishes,

Nenad

Follow Admiral Markets on Facebook – @AdmiralMarkets on Twitter – for the latest market updates.

This material does not contain and should not be construed as containing investment advice, investment recommendations, an offer of or solicitation for any transactions in financial instruments. Please note that such trading analysis is not a reliable indicator for any current or future performance, as circumstances may change over time. Before making any investment decisions, you should seek advice from independent financial advisors to ensure you understand the risks

.

Article by Admiral Markets

Source: DAX30 Flat Top Ascending Triangle

Admiral Markets is a leading online provider, offering trading with Forex and CFDs on stocks, indices, precious metals and energy.

By IFCMarkets

US markets extended gains Monday led by technology shares. The S&P 500 gained 0.5% to 2746.87 with seven of its 11 sectors finishing higher. Dow Jones industrial advanced 0.7% to 24813.69. The Nasdaq composite index climbed 0.7% to record high 7606.464. The dollar weakened: live dollar index data show the ICE US Dollar index, a measure of the dollar’s strength against a basket of six rival currencies, slid 0.2% to 94.004 but is rising currently. Stock index futures point to higher openings today.

European stock indices extended gains on Monday. The British Pound turned lower against the dollar while euro climbed, with the two currencies moving in opposite directions of their yesterday moves currently. The Stoxx Europe 600 index gained 0.3%. The DAX 30 added 0.2% to 12749.45 and France’s CAC 40 ended 0.4% higher. UK’s FTSE 100 rallied 0.9% to 7768.22. Indices opened flat to 0.3% lower today.

Asian stock indices are mixed today against the background of a breakdown of US-China trade talks over the weekend with no agreement. Nikkei rose 0.3% to 22539.54 as yen slide against the dollar slowed. Chinese stocks are rising as Caixin China reported its services purchasing managers’ index remained unchanged at 52.9 in May: the Shanghai Composite Index is up 0.8% and Hong Kong’s Hang Seng Index is 0.3% higher. Australia’s All Ordinaries Index however is down 0.5% despite the Australian dollar’s turn lower against the US dollar.

Market Analysis provided by IFCMarkets

Note:
This overview has an informative and tutorial character and is published for free. All the data, included in the overview, are received from public sources, recognized as more or less reliable. Moreover, there is no guarantee that the indicated information is full and precise. Overviews are not updated. The whole information in each overview, including opinion, indicators, charts and anything else, is provided only for familiarization purposes and is not financial advice or а recommendation. The whole text and its any part, as well as the charts cannot be considered as an offer to make a deal with any asset. IFC Markets and its employees under any circumstances are not liable for any action taken by someone else during or after reading the overview.

Article by ForexTime

Disclaimer: The content in this article comprises personal opinions and should not be construed as containing personal and/or other investment advice and/or an offer of and/or solicitation for any transactions in financial instruments and/or a guarantee and/or prediction of future performance. ForexTime (FXTM), its affiliates, agents, directors, officers or employees do not guarantee the accuracy, validity, timeliness or completeness, of any information or data made available and assume no liability as to any loss arising from any investment based on the same.

Article by ForexTime

ForexTime Ltd (FXTM) is an award winning international online forex broker regulated by CySEC 185/12 www.forextime.com

By Money Metals News Service

We don’t talk about it much, but Money Metals Exchange is literally the best in the nation when it comes to buying precious metals from clients who need to sell. We’ll explain why that is in just a moment. First, however, it’s important to explain why we don’t promote it, despite having several competitive advantages.

We just don’t think most people should be selling metals, at least not now.

In fact, holding a position in physical bullion is, we believe, more important than ever. Our position on that hasn’t changed, even though the sideways action in the metals markets in recent years has sometimes been frustrating and difficult to watch.

The dollar’s future is more bleak than ever. The U.S. borrows too much, spends too much, and promises too much.

A national bankruptcy is coming and it will destroy confidence, the ephemeral foundation underpinning the Federal Reserve Note dollar.

We believe this is a truth which cannot be avoided, and no amount of price rigging or central economic planning can change it.

That said, it has always been a priority for us to make an honest and fair two-way market for our clients. We’re committed to supporting them whether they need to buy OR sell.

And there are, of course, plenty of good reasons to sell metal. Sometimes folks simply need cash for some other purpose – and gold and silver are highly liquid assets. Or maybe they simply disagree with our take on where the precious metals markets are headed.

So Money Metals has been steadily building tools to make it even easier for sellers as well.

Our “Sell to Us” Pricing Is the Best in America, Fully Transparent, and with No Minimums

For starters, anyone can easily find exactly what our bid price is online, day or night. We publish a “sell to us” price for virtually all of our products – even as our competitors don’t. To see our “sell to us” price, just find the coin, round, or bar in question at MoneyMetals.com and look below the product photo.

These offer prices happen to be some of the highest in the nation, which is why we are especially proud to publish them live – and shame our competitors in doing so.

And unlike other dealers, there is no minimum quantity requirement, and it does not matter where the metal was originally purchased. Anyone can get the published “sell to us” price, even if they have only a few ounces of silver to sell.

You Can Sell to Us Instantly Online or By Phone

But our competitive advantages don’t stop there. Your sell price can be locked in a matter of seconds, either online (24/7) or by phone. Checkout online is easy. The process is very similar to buying an item at MoneyMetals.com – meaning straightforward and simple.

Or give us a call at 1-800-800-1865 to lock pricing with one of our knowledgeable specialists. Either way, clients will get immediate confirmation by email, including shipping instructions.

Every confirmation includes a link to a quick video with tips on how to package and ship the metals securely.

Clients get their choice of how they will be paid. They can select payment by check or by electronic credit to a checking or savings account via direct deposit.

Or they may even choose to receive payment in Bitcoin, Bitcoin Cash, Ethereum, Litecoin and Dash. Money Metals Exchange is the Crypto/Metals HQ in the United States.

For those who want to swap gold and silver for the most popular cryptocurrencies, or vice versa, there is nowhere better. Not even close.

We make all payments promptly following receipt of the metals. Customers can lock pricing today and have funds in 3-4 days, even sooner if your metals shipment to us is expedited.

The services above are why Money Metals Exchange is the best and most convenient place to sell your precious metals. No one else offers the tools for sellers that we do, and that is not hyperbole. It’s a fact.

The Money Metals News Service provides market news and crisp commentary for investors following the precious metals markets.

By CentralBankNews.info
      Kazakhstan’s central bank lowered its base rate by another 25 basis points to 9.0 percent, as it signaled in April, but said monetary conditions were now at a neutral level and the risks that will limit the rate of decline in inflation this year and next year would restrain further rate cuts this year.
      It is the fourth consecutive rate cut by the National Bank of Kazakhstan (NBK) and the rate has now been cut by a total of 125 basis points this year. Since May 2016, when the central bank embarked on an easing cycle, the base rate has been lowered by 800 points.
      Today’s rate cut was in response to the continued decline in inflation and inflation expectations as well as favorable trends in world oil markets, NBK Governor Daniyar Akishev told a televised press conference.
      Kazakhstan’s inflation rate eased to 6.2 percent in May from 6.5 percent in April, within the central bank’s target range of 5-7 percent, and against the backdrop of a weakening of the tenge’s exchange rate and a decline in inflation expectations 12-months ahead to 6.0 percent.
      Akishev said the latest estimates show that inflation will remain within the target corridor this year and in 2019 and reach the medium-term inflation target of 4.0 percent by end-2020.
      The main factor that will limit the decrease in inflation is the expected rise in world food prices, imported inflation from trading partners and growth in consumer and investment demand.
      The normalization of U.S. monetary policy is also posing a risk of an outflow of capital from emerging markets, Akishev added.
      The tenge was hit in early April by a fall in Russia’s ruble on new U.S. sanctions but has stabilized since then. Russia is Kazakhstan’s largest trading partner.
      The tenge was trading at 330.9 to the dollar today, up 0.6 percent this year.
      The central bank said its international reserves amounted to US$90.4 billion, up 1.4 percent.

        www.CentralBankNews.info

By IFCMarkets

Trade wars increase market risks

China sells corn from its state reserves. Will Corn prices continue to fall?

According to the Chinese National Grain Trade Center, 1.33 million tonnes of corn from state reserves were sold at the auction on Friday at the price of 1422 yuan ($ 221.7) per ton. This is about a third of the proposed volume. Last week, corn fell by 2.5%, which was the largest weekly price decrease over the past 10 months. An important reason was the risk of the resumption of global trade wars. The US is going to raise duties on imports of steel and aluminum from Mexico, the European Union and Canada. Meanwhile, Mexico is the main buyer of US corn and may, in response, increase duties on its imports from the US. This increases the risk of demand reduction.

On the daily timeframe, Corn: D1 breached down the support line of the uptrend. The further price decrease is possible in case of a reduction in purchases of US corn by Mexico and in case of the further sales of Chinese state reserves.

• The Parabolic indicator gives a bearish signal.
• The Bollinger bands have narrowed, which indicates low volatility. They are titled downward.
• The RSI indicator is below 50. It has formed a negative divergence.
• The MACD indicator gives a bearish signal.

The bearish momentum may develop in case Corn falls below its last fractal low at 395. This level may serve as an entry point. The initial stop loss may be placed above the last fractal high, the 2-year high, the upper Bollinger band and the Parabolic signal at 415. After opening the pending order, we shall move the stop to the next fractal high following the Bollinger and Parabolic signals. Thus, we are changing the potential profit/loss to the breakeven point. More risk-averse traders may switch to the 4-hour chart after the trade and place there a stop loss moving it in the direction of the trade. If the price meets the stop level at 415 without reaching the order at 395, we recommend to close the position: the market sustains internal changes that were not taken into account.

Summary of technical analysis

Market Analysis provided by IFCMarkets

By IFCMarkets

US dollar net short bets fell markedly to $5.44 billion from $7.95 billion against the major currencies during the previous week, according to the report of the Commodity Futures Trading Commission (CFTC) covering data up to May 29 released on Friday June 1. The dollar strengthening accelerated as Fed minutes showed support for June rate hike though policy makers favored a gradual pace of interest rate increases.

Market Analysis provided by IFCMarkets

Note:
This overview has an informative and tutorial character and is published for free. All the data, included in the overview, are received from public sources, recognized as more or less reliable. Moreover, there is no guarantee that the indicated information is full and precise. Overviews are not updated. The whole information in each overview, including opinion, indicators, charts and anything else, is provided only for familiarization purposes and is not financial advice or а recommendation. The whole text and its any part, as well as the charts cannot be considered as an offer to make a deal with any asset. IFC Markets and its employees under any circumstances are not liable for any action taken by someone else during or after reading the overview.

Article By RoboForex.com

XAUUSD, “Gold vs US Dollar”

As we can see in the H4 chart, XAUUSD is being corrected and has already reached the retracement of 23.6%. The next targets of this correction may be the retracements of 38.2% and 50.0% at 1313.80 and 1323.70 respectively. The support level is the low at 1282.09.

In the H1 chart, the pair has been corrected by 61.8% and right now is forming a new ascending impulse to reach the high at 1307.77. The support level is the retracement of 76.0%.

USDCHF, “US Dollar vs Swiss Franc”

As we can see in the H4 chart, USDCHF is still being corrected to the downside; it has already reached the retracement of 38.2% and right now is trading towards the retracements of 50.0% and 61.8% at 0.9796 and 0.9735 respectively. At the same time, one can see the convergence is being formed, which indicates that the correction may be over soon.

In the H1 chart, the pair is moving downwards to reach the retracement of 50.0% at 0.9796.

Article By RoboForex.com

Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex LP bears no responsibility for trading results based on trading recommendations described in these analytical reviews.